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for people in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other boroughs has become more high-tech. people will be using a new electronic system. they mark paper ballots then insert those into a scanner. it's the first time the system people will use the system in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from their respective home bases, chicago and boston. obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president a
in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other borrows has become more high-tech. they can mark paper ballots and insurt those into a scanner. it's the first time the system will be used in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from the respective home bases, chicago and boston. >>> obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president and his republican challenger mitt romney remain locked in a dead heat.
the if stuff here on on "worldwide exchange." >> but there are two of us. you're back. >> i'm back here. eyes are getting better. >> glasses are gone. >>> so on today's program, we'll bring you live updates from beijing as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying t
. thank you for joining us. receive tomorrow. ♪ lou: good evening. we began this broadcast with a number of developments that have taken place not hours ago, but days. it is unclear tonight whether permission about these developments has been managed, and if so, to what purpose. today two days after the president's election, we learned that two iranian fighter jets, like this one, attacked one of our unmanned an unarmed predator drones. that attack took place 16 miles off the coast of kuwait in international airspace. happened last thursday, but an administration official has remained silent until today. today we learned that boeing will be slashing another 10 percent of management jobs in its defense division by the end of thii year in an effort to cut more than $2 billion in costs. boeing says it cannot project exactly how many workers will lose their jobs as a result. and boeing is going to some great lengths to insist that these layoffs have nothing to do whatsoever with the sequestered defense cuts set to take place next year. you will recall that less than two months ago the obama
of the "huffington post." thanks for joining us. >> thank you formation me un. >> eliot: polling is more than picking up the phone, calling 12 random people and adding up who said what? >> increasingly, when i started in this business 25 years ago you could do something like that. you could get a scientifically random sample, a few reasonable steps to make it rigorous and not have to do a whole lot of waiting or adjustment afterwards. now there have been a combination of things. lower response rates the whole cell phone problem basically two-thirds of us have two kinds of phones. another third roughly have a cell phone only, and it's a whole lot harder to know what the odds are getting someone over one phone or another. pollsters are having to make a lot of assumptions one way or another about either about the demographics of who they interview or the mechanism that they use to select it. >> eliot: i want to break this down a little bit. the moment you talk about waiting some answers more than others you're putting into play an opportunity for the pollster to exercise discretion that may be correct o
>>> welcome to nhk world "newsline." the two leading candidates fighting to be u.s. president hardly have time to sleep or eat as they dart from state to state trying to solidify their support. the latest poll ahead of tuesday's vote suggests barack obama and his republican challenger mitt romney are almost tied. obama has 49% support. romney has 48%. the candidates dashed through key swing states over the weekend, including new hampshire. they are making their final arguments to voters. both campaigns are trying to lock in crucial electoral college votes. >> you know that i know what real change looks like, because i fought for it alongside you. i've got the scars to prove it. i've got the gray hair to show for it. >> romney hopscotched between the swing states of new hampshire, iowa, colorado and ohio. >> the question of this election comes down to this, you want four more years like the last four years or do you want real change? >> romney is also focusing on wisconsin, one toss-up state where obama is said to have a lead. and he is running more tv ads in pennsylvania, mich
speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b
>>> welcome to worldwide exchange. here are your headlines. the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in th
looked at it in a journalism lands, it has seemed to us, and this will probably offend most of you, but to be higher at to touche -- the higher education institutions have not covered themselves in glory. the enrollment and a financial aid of people are not being very strict because they want to enroll people with what the costs are really going to be and what the alternatives might be of coming to their wonderful places. what it means to take out a loan and how much is reasonable for a person to borrow. it is true that this is a matter of public choice, really. people have the right to make the choices they want. but i want to hear from you all whether there is more you think the university should be doing without stepping on people's right to send their kids to whatever school they think their kids should go to. is there more you all could and should be doing to help guide those choices and make it less about enrolling everybody in your institution? anybody who wants to talk should. >> i think a lot of the public outrage is what is happening in private higher education, not publi
>>> these are your headlines. >> a tough start to a new month for equities as all through u.s. indexes snap a four month winning streak in the first day of trade after the market shut down. >> campaigning resumes as the northeast assesses the damage from super storm sandy. good and big earnings day for oil giants giants. shell sees a fall and exxonmobile due to report before the opening bell. >> growth recovery may be near. official october pmi bouncing back into expansion territory. >>> we're under way just one hour and an awful lot to to get to. >> new york city still struggling to right itself after monday's super storm. one stap he have the big apple will return, the mta will resume partial subway service on 14 lines. la guardia airport will also reopen at 7:00 a.m. with limited service. amtrak says it will try to restore service to penn station come friday. >> homes in bay ahead are seriously damaged or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we kn
's losses. now, on the upside, we've got a stronger u.s. currency. the u.s. dollar muscling higher, finding firmer footing and hitting a two-month high against the euro today. but the price of oil in part because of the stronger dollar -- stronger dollar is lower. crude oil dropping today after the energy information administration reported a bigger than expected build in crude supplies. we get it every wednesday. that was of course for the last week, plus european central bank president's draghi negative comments about the euro zone economy, all of this weighing on oil. we see oil moving to the down side. speaking of europe, take a look at this video right now. came in a few minutes ago. more than 80,000 greek protesters outside of parliament turning violent ahead of the austerity vote to avoid financial disaster. we have had reports of fires burning, smoke as we're seeing the sun go down at this point, not going to be a good night there in greece. we are keeping our eye on that very fluid situation. protests, elections, hurricanes, nor'easters. okay, is lightning striking me here? we have
and midnight tonight, both live. that's all for us tonight. don lemon is up next. over to you, don. >>> hello, everyone, you are watching cnn and i'm don lemon. tonight, i'm in downtown columbus, ohio, at the beautiful boat house restaurant, our host here and i want to show what you thousands and thousands of people in this city did today. it's early voting in the columbus and all over the state of ohio, voters here got one weekend to cast votes ahead of election day, just one weekend. last election, they could vote on five weekends before the election. so, these people bundled up against the cold, i was out there with them today. they waited in very long lines here in columbus, some of them for two hours or more to pick a man to award their state's 18 electoral votes. and a brand new poll to show you, a nationwide poll of likely voters who were asked just one question, who do you support for president of the united states? and if you thought the race was close up to now, i want you to take a look at this. 49%, 49%. president obama and mitt romney, nationwide among likely voters. that poll wa
recreational use of marijuana, which will mark the beginning of the end of the war on drugs. this may be the most costly and futile war the united states has ever waged. we've spent $1 trillion to fight this war without reducing availableability of drugs while also destroying our pea nal system. according to data from the oecd. about 1 president 6 million americans were arrested in 2010 on drug charges, most for using marijuana. this week's votes indicates that americans have begun rethunking these policies, perhaps moving toward ones that would deprive drug cartels of their huge profits and allow police to focus on serious crime. perhaps the most sturching shift came not in the pass of a ball let measure but an exit poll finding, one that mierch move us. >> when asked what to do, almost two-thirds wanted to grant them legal access. john mccain had to run away from his own handiwork when he was campaigning for the white house. i hesitate to build a grand narrative out of all of this, but the trend seems to be toward individual freedom, self-expression, and dignity for all. this divers
in this morning two-way end. -- two ways. you can tweet us or send an email. we invite you to check out our facebook page. the headlines for this meeting yesterday reflect the same type of town seen in the washington post this morning. a picture of president obama and john boehner. the upbeat tone was a dramatic shift from recent years when the president and a gop fortified by anti-government activists clashed repeatedly over spending and taxes. if he were to go to yesterday's new york times, they have a listening are at least pictures of the key leaders that will be involved in this process. to show you where they stand specifically on some issues, here is the president saying he will reject any bill that extends tax cuts for the wealthy. here is john boehner who has said raising tax rates is unacceptable and a new revenue should be generated by economic growth spurred by a simpler tax code and that closes loopholes and and deductions. there are some other leaders involved in this project. what do you think they will be able to do to keep the fiscal cliff from happening by the end of the y
before when the early voting numbers look good for us. >> you thought it long before the election. i know that. [laughter] >> but i was pretty sure -- >> how long? could he have one after the first debate or where the forces in motion? >> sure, absolutely he could have one. -- won. it was competitive the entire way. i think governor romney could have one up until the end. i always believe in the fundamental truth, we were building the best grass roots campaign in modern political history. we had the best candidate and the best message. >> in a way, the story of this election is the degree to which replicated the 2008 results. many people thought that 2008 was a once-in-a-lifetime result. you came very close to replicating it. i think the most fascinating statistic is african-americans in ohio, 11% of the electorate, 15% this time. you found 200,000 more african- american voters who turned out for you. mitt romney lost the state by 103,000. that was the election, right there. finding those extra african american voters. >> let me back up. we won this election because of barack obama. peopl
facilities are so far in the ground that israel does not producing a satisfactory assault. they would need u.s. plant emissions to carry some of those weapons. perhaps that might give some hope there would be communication, if there is an attack down the line, that the two countries would be to work together and cordray. host: 3 more, go to foreignpolicy.com. thank you for talking to our viewers. guest: thank you for having me. host: that does it for today. we will be back live tomorrow morning but lawmakers make their way back for the lame-duck session that begins today. we will be up there taking your calls and your comments and questions. thank you for watching today. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on the c-span networks, getting under way momentarily on c-span 3, symposium on the so- called fiscal cliff including automatic tax hikes and spending cuts unless congress acts by the end of the year. it is hosted by the new america foundation. right now, a discussion on yemen and the fight against al qaeda just
effectively? he's so passionate about real data and real legal principles and be found as judge walker told us and chat and i refer to that decision, that if we have real data, we will always counter our foes who are trying to throw bias at the sabrett is passionate about that and that is loud be institute to be so successful in what it's done. he has the talent for tracking leading scholars from all over the country in an incredibly successful way so that over the years we have watched brad with his organizational chart and he filled in all the slots and we arrived at where we are today. so i thank you very much for the contribution he has made for us and i will turn it over to him to introduce the panel. >> thanks so much, tom. [applause] i want to start out by thanking tom. we were here at the very beginning like he said in this very room and his step with us along the way and that's really important to work here and around the country. i also want to thank matt and -- for putting together this great panel and doing all the work that gets all of us here in his room for this great commerce s
you do instead of dealing with the policy issues. we have have a very distinguished member with us, a good friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. >> also i think today of most significance i believe is my role on the intelligence committee. all of us were given a briefing based on emerging information from the intelligence committee . susan rice, i do -- susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. the kind of statement that is anyone who had been given those briefings would have made in public. obviously, this was on an unclassified buys sis but she was given information that she had that has subsequently been updated. it was not wrong or deliberately misleading in any way. there had been the belief that there had been a protest that developed into this attack. so susan rice as the president very clearly said, if anyone has a problem with the intelli
, different manufacturers, serial numbers, version numbers, and as you well, all using personal computers, anti virus updates almost every day. vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the hen house. you have secured personnel responsible for security management. those should be different people than the people who have just general system administration functions. in general when you get into a very trusted organization many times this person could be one and the same. then you have contingency planning or disaster recovery. this deals with if something does happen, and a natural disaster or a man-made disaster or an attack, can you get back up
become the first sitting u.s. president to visit burma. he also visited thailand this weekend. today, cambodia, where he will attend a summit. in the meantime, back here in washington, congress takes a weeklong break for the thanksgiving holiday. they will come back as they ponder the fiscal cliff and how to avoid it this week. they will be back next week. lots more headlines and talk this weekend about the future of the republican party as it ponders itself. one headline says romney is digging a deeper hole for the party. we want to hear from republicans only for the first 45 minutes of its monday edition. what do you think the future of your party is, what do you stand for, and what should you stand for moving forward? here are the numbers -- ere's the "washington times" this morning, the governor of louisiana, bobby jindal. the talk continues in the party about what to romney has had to say about why he lost to the president. [video clip] >> first, governor romney is an honorable and exceptional man. i'm proud of campaign reform across the country, but i absolutely reject what he
off the magnet. .. who are using undocumented workers. that will cut down the flow by about 90% of the border. that makes it possible to secure the border for those that are trying to come across for nefarious purposes for criminals enterprises. we can stop them at the border. then we say to those that are here in an undocumented status you are on probation paying a fine and this is to me what i find when i talk to people the most emotional issue in all of this is language. i find americans across the generations don't want us to have to sing the national anthem in two languages at the world series. they won the national anthem in english even if they were american. so they have to agree if they want to stay here permanently they have to agree to read, write and speak english. i find that among the undocumented workers they have no problem with this. they want to learn english. they understand that to live the american dream they have to learn to speak english. it's only liberals who inhabit college campuses and education departments who have a problem with english becoming the
could give us a quick reply. guest: the long-term future of the country will depend on a lot of things. the u.s. is taking a lot of steps right now to right the ship. labor may be one of them. taxation may be one of them. there are some estimates that we can be energy self-sufficient in the next 30, 40 years, so maybe that helps. this is a very complex issue. it has to be resolved. there has to be a happy medium there. whether or not it is because these ceos are boring abroad for certain things or not, that is up for debate. i'm certainly not one who will take a position on that because i don't know enough about it to make that call. there are a lot of very smart people out there, who we should respect, they are very good at what they do and they are still debating about what the proper solutions to this is. all right now, this is why we're seeing such a huge amount of debate going on in d.c. and in board rooms across the country. washington, d.c. host: there have been reports that secretary geithner will play a role in these talks. guest: the economic team is in place right now. this
of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > good to be here. > > what do you anticipate as far as the numbers? > > looking at the adp report wednesday and yesterday's jobless claims report, expectations are probably on the high side. my expectation, for whatever it's worth, and i really don't think it's worth that much no matter what comes out, but 140,000. as long as we're north of 120,000, 140,000, i think it will be ok. the key is going to be the unemployment rate itself, which eyes will be focused on given the sharp drop it had at last month, and it's expected to uptick one or two basis points to 7.8%, 7.9%. so i think that's going to be real key to watch as well. > > and it turns out that consumers are confident. consumer confidence coming in at a four-year high. what do you make of that? > > i think that consumer confidence really goes with the market itself. granted that we have avoided a summer in which things could have turned very bad, and now i think we're looking at
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
to of ever been outbid by the public or are retiring. he is pushing for something like a bridge to get us past the fiscal cliff and into next year. 2013 will be the year for these big deals on entitlements, taxes, and spending. >> the president has invited the leaders to the white house. what else is happening in this coming week that people need to know about? >> the republicans will have their leadership elections. we are expecting that john boehner will remain the speaker and erick cantor will be the number two. there is not any major legislation on the floor of the house that we are expecting. >> the president is speaking again on wednesday on this and other issues. >> and using his post as the election pulpit to start the process. >> absolutely. >> a thank you for being here. an interesting couple weeks ahead for us to watch. >> tomorrow, roger daltrey and pete townshend of the who will talk about their program on childhood and young adult cancer. onid cameron's speech foreign policy at the lord mayor's annual banquet. this will be his third time speaking at a banquet since becoming
it in a balanced way. >> reporter: there was a real flash of presidential anger on the topic of the attack on the u.s. consulate in benghazi, libya. earlier today, republicans john mccain and lindsey graham lashed out at susan rice, the leading candidate to replace secretary of state hillary clinton, because she initially suggested the attack began as a protest. >> why would susan rice not get our vote? i don't trust her. >> reporter: we put that to the president. senator graham said he simply doesn't trust ambassador rice after what she said about benghazi. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. but for them to go after the u.n. ambassador, who had nothing to do with benghazi and to besmirch her reputation is outray outrageous. >> reporter: in a blistering response to that, senator graham issued a statement a short while ago, directly to the president, saying, quote, don't think for one minute that i don't hold you responsible. i think you failed as a commander in chief before, during and after the attack. in other words, diane, this ba
a important. they want us to stay in the pacific without trying to drive us out. we are not containing them. we need to work on concrete areas where you work on issues of school and bilateral that build constituencies for both relationships. it helps to solve some problems and put into context for the public -- the respective publics the fact that we have human rights and other areas of cooperation to keep this relationship steady. i will finish by saying that we should not be overly optimistic or pessimistic. i will go back to that expert, mark twain. he says about music what i would say about the u.s.-china relationship. --said about wagner's music he was a great music critic. britney spears'spair not asand said, "it's good as it looks." [laughter] >> thank you. >> let me pick up on a point he made earlier. it is a complex idea. a great challenge that we face and might face is managing this relationship. in this context, i want to stress what i see as two of the major issues of challenge. first, the internal challenge. we tend to assume that china is growing at an% a year -- 10% per year,
, buyer beware? that's "hardball" for now. thank you for being with us. "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to "the ed show" from new york. five days until the 2012 election. mitt romney's campaign needs some disaster relief. because he's desperate. this is "the ed show." let's get to work. >> we need a vision that says, we don't just look out for ourselves. we look out for one another. we look out for future generations. and we meet those obligations by working together. >> the president takes the high road on the stump. mitt romney continues the campaign of deceit. >> mitt romney. >> tonight, karen finney on the closing arguments. >>> the uaw's bob king on the new charges that mitt romney profiteered from the auto rescue. >>> the secretary, versus the decider on the campaign trail with michael tomasky. >> can't get fooled again. >> with the east coast still reeling from the devastation of hurricane sandy, stories of heroism are coming out of the wordwo woodwork. tonight, one of the nurses who helped save the lives of four babies durin
with us tonight. with just about 50 hours until election day, the candidates are making their closing arguments like never before and in the battleground state of ohio, president obama is definitely on the move. the latest nbc maris poll has the president up. he is pushing hard about the dishonest ad about jeep moving jobs to china. >> you've got folks who work at the jeep plant who have been calling their employers worried asking if their jobs were being shipped to china. you've heard about this. everybody heard about this? and the reason they're worried is because governor romney is running ads saying that jeep is shipping jobs to china. there's only one problem. it's not true. >> it's just not ohio where president obama is surging. in 22 new polls of battleground states, the president leads in 19 of them. the obama campaign is taking nothing for granted, however. and joe biden put the campaign into perspective. >> i want to remind you, this is the end of daylight savings time tonight. it's mitt romney's favorite time of the year because he gets to turn the clock back. he wants to t
excellent idea. unfortunately, only one-third of that is going to be used. so $200 million is going to go unspent that can go out and serve unserved america today. the same issue will be in front of us in 2013. that's what windstream's waiver is all about, is there other ways to think about this other than setting the 775 limit. and beyond that i think getting on to the model that we need going forward for universal service funding. the industry, the usta has put forth a model, but the fcc has to come up with their own model which will drive caf ii is what we're calling it, the connect america fund 2, so that's where the biggest bang for the buck will be in our business. because remember, as we looked at these more than minor changes in the financials of the telephone companies across the country, it was so important that we do these two things coincidentally. we kind of got a little bit out of sync. we've gotten one done very effectively, efficiently and fast. it's happen realtime, it's showing up in the numbers today, we've just got to work this usf thing out x it's about the cons
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
. what it meant was that if the government was hoping to collect more from us than it is going to spend -- that is, the government is going to run a surplus. the rest of the world is going to take more from us than it is going to spend buying our goods and services. that drives the domestic private-sector, us, into deficit. it has to. it adds up exactly. if you have a 4.5% trade deficit and a 1% budget surplus, the private-sector is going to be in deficit 5.5%. the only way you keep the private sector in the red, above zero, is if the government deficit is big enough to more than offset the trade deficit. if the u.s. is running trade deficits on the order of 4.5% of gdp, the government deficit has to be at least 4.5% of gdp, or the private sector will fall below zero. every single time. here is the cbo forecast. this is what is projected to happen to the government deficit if we hit the cliff. this is the alternative scenario. if we hit the cliff, the projection is that the government deficit will shrink to around 2% of gdp. deficits of 2% of gdp, together with trade deficits of 4.5%, i
to be a bigger and more difficult issue and it deserves more than 10 seconds, but particularly the attacks on u.s. corporations and intellectual property is the core problem. on some national dialogue i think it's a very interesting interesting subject and a great question. i think there's a lot that could be done in the investment area and relating to that in the ipr area. it's been more successful at the subnational level than the national level. governors and china want to invest more than their national governments want to encourage it. and, perhaps you can use leverage to improve icr performance at the regional level in china which is where the real problem lies oic real possibilities here. >> please join me in thanking this terrific panel. [applause] >> could i just note it as was mentioned before we have a really exceptional book event opportunity nine days from that day in the afternoon on wednesday, november 28. we will be putting out an announcement. thank you. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversation
now. but guess what? there is another storm with the mid-atlantic. veronica johnson is live for us in the weather center. lay it on us, veronica. >> of course we mentioned a storm system yesterday. we're still looking at it on some of the guidance and weather maps as it looks as though more and more will be developing right off the carolina capes and moving northward. we're tall more about that moving forward, but for today mostly cloudy again and chilly too. it's been a blustery day for us 37 look at the winds throughout the area. 25 to 29 miles per hour wind gusts currently being reported. again, with the day where we've had very limited blue sky yet again, at one point, though, this morning it looked like we were getting a little more clearing in here, but the clouds again are winning out. what's left of sandy spinning way off to the north. 51 degrees columbia heights and petworth. good afternoon to you guys in virginia, chantaly, frankownia 49 degrees. 50 degrees right now in prince george's county over in mitchellville, maryland. here's a look at your forecast for the evening.
, a veteran himself joins us with a look at the extraordinary program. david: yesterday was veterans day. now what drove the market with the "data download." a mixed day on wall street as stocks struggled for some sort of direction. up and down following the worst week for the market in months. the nasdaq closing i in the red, nostrils and telecom were the top performers while utilities and technology stocks lagged a little bit. copper rebounded from a two-month low after greece lawmakers gave the euro a boost against the dollar. closing 7638 per ton, posting a gain after five straight weeks of losses. the euro holding two-month lows versus the dollar uncertainty, weighing on the currency. hit an intraday low of $1.27 down nearly 2% against the greenback so far this month. sandra: jerry leavy to tell us what another 4% dip could be on the way and the biggest money makers, why outside the united states. very, what is the deal here? this huge selloff last week and yet before the election everybody said that the elections behind us, skip third-quarter earnings season, we will have certainty in t
. >>> good to have you with us tonight, folks. thanks for watching. residents on the east coast are trying to get their lives back as the cleanup and recovery from sandy continues. thousands of commuters lined up in brooklyn for free buses into manhattan today. of course, getting to the bus was only half the battle. traffic is still tied up in knots. new york mayor, new york's three major airports reopened. this was the first flight to land at laguardia since the storm hit. cars lined up for miles along the new jersey highway to get gasoline. governor chris christie says officials requested emergency supplies of gasoline and fuel from the federal government. there have been 92 reported deaths related to this storm in the united states. the department of energy says more than 4 million customers still have no power. nearly 2 million of those households are in the state of new jersey. utility workers are coming in from all over. exactly from 12 states. they are headed to new jersey to assist in repairs. the national guard is increasing its response to the storm. reinforcements were sent to n
unspent that can go out and serve unserved america today. the same issue will be in front of us in 2013. that's what windstream's waiver is all about. is there other ways to think about this other than setting this $775 limit? beyond that, i think getting on to the model that we need going forward for universal service funding. the industry, put forth a model, but the fcc needs their own model which will drive calf too, that's where the energy needs to be put. that's where the biggest bang for the buck will be in the business because, remember, as we looked at these more than minor changes in the financials of the telephone companies across the country, it was so important that we do these two things coi understand didn'tly. -- coincidentally. we got out of sync, one down efficiently and fast. we just have to work the usf thing, and it's about the consumer. >> host: jeff gardner, president and ceo of the windstream corporation. he is also chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg.
. in naples us to perform registry's in order to collect data. -- it enables us to perform registry's in order to collect data. >> is team cancer more prevalent in europe than in the usa? >> it is very difficult to get numbers from the west. in britain every day there are six teenagers who get the bad news. and based on our figures in using your population, it would be about 30 per day, 30 families per day that are going through hell. notour system there's anything like a teenager. there are children, and after the age of 12, they are adults. when you ask about if we will do any research, it is the fact that we have a group that you can study, and then you would focus the madison. you will learn more about the cancers. and america, they do not exist. your numbers are all heaped together. apparently at the moment there are 70,000 per year it must be 30. >> is it easier to do clinical trials on teenagers and young children? are the ethical issues lower? >> i believe it is more difficult to give -- to do the research. they tend to be underinsured. they tend to sometimes have no insurance. love it
. not the official u.s. name for which has long been burma. the president met with cambodian strongman, the one-time communist who has held power since the mid-80s. this is the first ever trip to cambodia by a sitting united states president. as the president continues his tour through southeast asia, work continues in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parties has been comic scene, relentlessl my restored. the stock prices up for the best time in two months. the s&p picking up 27, the nas
convince them. >> reporter: and just when you thought this election was behind us, a tweet from david axelrod, the top obama strategist, saying, "still looking at america through that 47% prism." and romney talked to bill clinton after the election. he said that clinton told him, i thought you were going to win, then the hurricane happened. romney using the hurricane in his discussions why. >> okay, david, thank you. this is late breaking news, i know you'll be back with made in america in just a moment. >>> but now we will go overseas to the tension rising between israelis and the palestinians today, because israel killed the military leader of the palestinian militant group hamas, in an air strike. look. this is the car in gaza, carrying the hamas commander as an israeli rocket hits it. israel said this was retaliation for rockets fired by palestinian militants. overall, israel hitting 20 targets. it's being called the most serious escalation in violence there in four years. >>> and back here at home, a very big drama today, about the meningitis outbreak. the man who owns that drug
a shortened week. let's bring in our guests for their take on what went on. with us now, chip dixon, jeff cox, and rick santelli. nice to have you on the program. thanks for joining us. chip, let me begin with you. haven't see you in a little bit. we used to talk long ago when you were at a different firm. welcome back to cnbc. >> thank you. >> you are the director of research discern. what is your research telling you here about where we are in this market and in this cycle for the economy? >> well, it tell us that the housing sector is improving and the residential side. commercial permit activity, which we see, has gone up, it's kind of plateauing. it tells us we're dealing with a lot of uncertainty out there. there's a tremendous amount of pent-up capacity in corporate america if we can just get the right fiscal policies in place. this economy could do well. >> do you think things loosen up after the election when we know who the president will be? >> i think it depends. then we're going to have more clarity on the policies. what we want in place are constructive growth oriented fiscal po
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
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